The hottest plastic market in Asia Pacific 2802

Plastic market in the Asia Pacific market 28/02

polyvinyl chloride (PVC): as the market price in China is about US dollars/ton higher than that in Southeast Asia, cheap goods from Southeast Asia have flocked to the Chinese market, which makes the relatively strong PVC market show signs of price weakness. It is reported that the quotation of Southeast Asian manufacturers for March goods is $590/ton (CFR China), which is significantly lower than the level of the Chinese market. At present, Korean and Japanese manufacturers have few sources of goods in March, and their quotation level is about $600/ton (CFR China), but there is no buyer to accept the offer. However, a middleman analyzed that the price is unlikely to decline, mainly because the overhaul season is coming, and the price of KAIST vinyl chloride monomer, known as the "Massachusetts Institute of technology in South Korea", is rising. It is also reported that Taiwan FPC has sold most of its march goods. At present, the company said that considering the rise in the price of vinyl chloride monomer due to tight supply, their quotation level has also been raised to $600/ton (CFR Southeast Asia). In the Southeast Asian market, the demand from end users is very weak, mainly due to the decline in the U.S. economy, and the market demand for PVC has also decreased accordingly. An American manufacturer has quoted us $580/ton (CFR Southeast Asia), while the counter-offer level of the buyer is only US $550/ton (CFR Southeast Asia). 1. The quotation level of Southeast Asian manufacturers for March goods is $590/ton (CFR South China port), which is equivalent to $550/ton (FOB Southeast Asia), while the market price of Southeast Asia itself is $560/ton (CFR Southeast Asia), which is equivalent to $520/ton (FOB Southeast Asia)

low density polyethylene (LDPE): the market price of LDPE in Hong Kong has softened slightly, but the market price in Southeast Asia remains at the previous level. From the perspective of the whole Asian market, the situation this week showed a weak trend. The decline in demand in China is the main reason for the decline in the overall market price. Market participants predict that as 10 styrene production plants in South Korea, Japan and Taiwan enter the overhaul period in April/may, the ethylene market will also appear light. It is also reported that at present, the quotation level of Thai suppliers for LDPE in March is USD/ton (CFR Hong Kong/Southeast Asia), but the actual transaction price is about 700 USD/ton (CFR Hong Kong/Southeast Asia). The quotation level of Korean suppliers is 740 US dollars/ton (CFR China/Hong Kong). In addition, the Indonesian market has affected the purchase demand of its buyers due to the decline of the exchange rate of its currency against the US dollar. Demand from Vietnam and the Philippines also showed a weak trend

linear low density polyethylene (LLDPE): due to the shortage of goods from the Middle East, the linear low density polyethylene market is supported. Originally, the market price should have declined due to reduced demand, but it coincided with the unplanned shutdown of the 650000 ton/year production plant in Shuaiba, which forced its February goods to be pushed forward. "Yerazunis said that it was late for delivery in March. SABIC and ExxonMobil were also forced to postpone the shipment of some goods, mainly due to the shortage of containers in Saudi Arabia. It is said that the shortage of containers has seriously affected the import and export volume of Saudi Arabia around the Muslim holy month of Ramadan and Eid al Fitr in November/December last year. At present, the price of March goods sold by Middle East suppliers in the market is about US dollars/ton (CFR Hong Kong/China/Southeast Asia). When the market closed on Wednesday, an Indonesian distributor said that it would temporarily withdraw from the market because the Indonesian rupee fell against the US dollar. In the upstream market, although ethylene is still relatively strong at present, there are still hidden worries about the weakening of its medium-term prospects, mainly because 10 styrene production plants in South Korea, Japan and Taiwan will stop production in April/may, which is bound to cause weakness in ethylene demand

high density polyethylene (HDPE): due to the shortage of goods from the Middle East, the price has an upward trend. But on the other hand, due to weak market demand, there is also a potential decline in prices. However, it happened that the production plant with an annual output of 650000 tons in Shuaiba had an unscheduled shutdown for a week, which delayed the shipment of its goods in February until March, and SABIC and ExxonMobil were also forced to postpone the delivery of some goods due to the shortage of containers from Saudi Arabia. These undoubtedly have a certain impact on the market supply. It is said that the container tension in Saudi Arabia has led to a significant decline in imports during the Muslim holy month of Ramadan and Eid al Fitr last year, that is, November/December. It is also reported that the Middle East supplier has sold some goods at the price of USD/ton (CFR Hong Kong/China/Southeast Asia) a few days ago. The price of raw materials in March rose sharply, especially the price of cobalt. By the close of trading on Wednesday, an Indonesian distributor said it would temporarily withdraw from the market because the Indonesian rupee fell against the US dollar. Saudi Arabia's quotation level for March goods is 650 US dollars/ton (CFR India/Pakistan), while the buyer's price concept is below 600 US dollars/ton (CFR India/Pakistan)

polypropylene (PP): due to the great difference between the buyer and the seller in the concept of price, the market transaction is very light. Despite the weak market trend, suppliers still adhere to a relatively high quotation level. Chinese buyers and middlemen are taking a wait-and-see attitude, expecting prices to fall further. It is reported that at present, the quotation level of a Japanese middleman for junju injection molding grade goods in March is $620/ton (CFR China), while the counter-offer level of the buyer is $580/ton (CFR China). A Korean middleman recently sold a batch of homopolymer injection grade goods in March at a price of 590 US dollars/ton (CFR China), while another batch of block copolymer grade goods was sold at a price of 650 US dollars/ton (CFR China). Korean manufacturers currently offer homopolymer injection molding grade goods in US dollars per ton (CFR China), which is US dollars per ton lower than last week. In the Southeast Asian market, ExxonMobil's polypropylene production plant is said to start construction in early March because it purchased 6000 tons of C4 from Ag producers. It is also reported that the quotation level of the two Southeast Asian manufacturers for homopolymer injection molding grade/drawing grade goods is 610 dollars/ton (CFR Southeast Asia), while the quotation level of isotactic polypropylene is 630 dollars/ton (CFR Southeast Asia), and the quotation level of block copolymerization grade goods is 640 dollars/ton (CFR Southeast Asia), but the counter-offer level of the buyer is 630 dollars/ton (CFR Southeast Asia). In the Indian market, the quotation of a supplier is as high as 630 US dollars/ton (CFR India), but the counter-offer level of the buyer is only US dollars/ton (CFR India)

polystyrene (PS): Although the market situation was further depressed, the price of polystyrene remained mostly at the level of last week. The decline of styrene monomer price is an important reason for the weakness of polystyrene. In addition, the reduction of China's import demand is also a factor contributing to the depression of the market. At present, manufacturers in the market say that their quotation level for general-purpose goods in March is USD/ton (CFR Hong Kong), but other sources show that the actual price concept of manufacturers is only about 700 USD/ton (CFR Hong Kong). In terms of buyers, the purchase offer level of middlemen and distributors is $690/ton (CFR Hong Kong), while the counter-offer level of Chinese middlemen for the second half of March is also $690/ton (CFR China). It is pointed out that at present, there are cheap goods from India and Iran on the market, and the quotation level is only 695 US dollars/ton (CFR Hong Kong, equivalent to 710 US dollars/ton CFR Hong Kong, including port miscellaneous charges), but this quotation is for futures that have arrived in Hong Kong (Hong Kong). It is also reported that at present, the price difference between general-purpose polystyrene and high impact polystyrene in the markets of Hong Kong and Chinese Mainland has been reduced to only $30/ton

abs resin: due to the lack of market demand in China, the inventory in the hands of suppliers continues to increase, causing ABS prices to continue to show a downward spiral trend. The depression of styrene market has also cast a shadow on the prospects of ABS market. At present, China's end users only buy in small quantities, mainly because the economic slowdown in the United States has begun to affect China's exports of manufactured goods. It is also reported that in order to attract more buyers, manufacturers in South Korea and Taiwan have reduced their quotation levels by $10/ton and $20/ton respectively. The quotation level of Korean suppliers is USD/ton (CFR China/Hong Kong), while that of Taiwan manufacturers is USD 980/ton (CFR China/Hong Kong). In addition, the quotation level of a European manufacturer for the second half of March is USD/ton (CFR China/Hong Kong). Another Thai and European manufacturer made a ton in the second half of March, and the current challenge is how to control the surface chemical properties of these 2D sheets. The quotation level of monthly goods is 970 US dollars/ton (CFR Southeast Asia). In terms of buyers, some middlemen said that their purchase price concept for the goods in the second half of March was USD/ton (CFR China/Hong Kong)